see the page 7 of the daily edge. The egg industries are getting the attention of the foreigners. http://tefd.theedgemarkets.com/2015/TEP/20151104bb2s8b.pdf

see page 5 of the daily edge about Teoseng http://tefd.theedgemarkets.com/2015/TEP/20151104bb2s8b.pdf

Shh, Evergreen and even Pohuat have moved, Mieco has become a laggard with cheap PE

The recent qtr EPS was 9.8 cents. Thus the estimated whole year EPS = 4 x 9.8 cents = 39.2 cents.
If using PE of 10, the FV/TP = RM3.90.
If using PE of 6 its FV is RM2.35. No wonder people say it can hit RM2.00 easily.

The Homeriz lastest Q4 earnings up 28 %(see pg5 of the dailyedge page http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20151030cvx0e0.pdf)
This is an indication that other furniture related stocks such as Hevea and Mieco should do very well in the coming qtr results.

Mieco's last qtr EPS was 3.21 cents so the coming qtr EPS should be over 4 cents.
Thus the conservative estimated whole year EPS = 4 X 4 = 16 cents. Based on PE of 10, the FV/TP for Mieco is RM1.60 at least.
HLBank Research has already used PE of 11x to get Homeriz's its FV/TP http://klse.i3investor.com/blogs/hleresearch/85357.jsp)
If PE of 11x is used for Mieco, its current year FV/TP should be RM1.76

At the current price of RM1.12, Mieco's current PE is 7 only, probably the CHEAPEST among the furniture related stocks.
Hevea has a PE of near 10 based on the current whole FY EPS so should Mieco too which means its price should be near RM1.60 or RM1.70 by now.

People with longer term in view should collect it as it has 57 % return upside from the current level based on the current year EPS and some more its PE is on 7.
Mieco is the next Hevea !!

Short term it should at least be more than a RM1.00 share and longer term a more than RM2.00 share. At RM0.72 its PE < 6, very attractive. People with longer term view must collect more.

WOW !! Read this http://klse.i3investor.com/blogs/koko888/85252.jsp
FV of EG for current year is RM1.35 and its next year FV is RM2.06.
Great potential return of over 100 % if you are a longer term investor.

http://www.cnbc.com/2015/10/23/analysts-why-alphabet-amazon-microsoft-are-winning.html
The huge cloud computing growth will certainly make storage demands that use both flash and hard disk become huge as well in the coming years

the price movement will soon go into the uncharted territory

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=604884:own-up-tony-is-there-a-deal-to-take-airasia-private?&Itemid=3#axzz3ooqyS7hb

Reading the above article which appears in Today's StarBiz, it seems like something is brewing in AirAsia.

With the newly secured order of RM26.1 Million (http://www.bursamalaysia.com/market/listed-companies/company-announcements/4887505), GENETEC's Q2 EPS should certainly be greater than it Q1 EPS of 1.28 cents. Thus its estimated whole year EPS should be greater than 4 X 1.28 = 5.12 cents. Using PE of 10 its conservative FV is 51.2 cents. So for longer term holders, if you collect them at 0.19 now it can potentially give you a return of 200 %.

With the newly secured order of RM26.1 Million (http://www.bursamalaysia.com/market/listed-companies/company-announcements/4887505), GENETEC's Q2 EPS should certainly be greater than it Q1 EPS of 1.28 cents. Thus its estimated whole year EPS should be greater than 4 X 1.28 = 5.12 cents. Using PE of 10 its conservative FV is 51.2 cents. So for longer term holders, if you collect them at 0.185 now it can potentially give you a return of 200 %.

As the Teoseng-WA only expires on 2020, people with longer term view should also leverage on the WA and start collecting it too. It would potentially give more than 100 % return from the current price of 0.76

If Layhong can have a PE of 15 now why not for Teoseng. The current PE for Teoseng is only about 7. So people with longer term view on Teoseng should buy more into it as using the PE of 15 its share price can be doubled. Don't forget 30 % of its eggs are sold to Singapore at 38 cents/per egg and its the price of eggs in Malaysia has increased from 28 to 34 cents.

if it breaks RM1.68 the next target should be 1.75/1.82 ?

the article about Pensonic is on the page 13 of the daily edge pdf file

WOW !! The Edge daily says the Pensonic's trailing PE is only 4.4. People with longer term view should accumulate. The cheaper RM should be good to its export section.

http://theedgemarkets.weblite.my/CampaignClickThru/campaign_ClickThru.aspx?CampID=HarW11G0ajJhbfIAeNcePg==&MStr=tuOyJVghqXZaKYqGNrAguQ==&CampStr=cze++25q7wcp+Zox/rpkzQ==&Type=Act&URL=http%3a%2f%2ftefd.theedgemarkets.com%2f2015%2fFDsetia%2fFDsetia_20151005ihfabt.pdf&LStr=ktMzllRSq9iDUk1d76J/Ew==

if Hevea really takes over SHH then it should be great news to Hevea. SHH should be able to contribute at least another 15 cents EPS to Hevea's whole year earning.

With a TP of RM2.70 by the AM Research, it has broken the RM1.60 resistance does it mean it is on the way to RM1.70 ?

Its PE of around 7.5 is very cheap compare to its peers of 15X. And egg's price has gone back to 38 cents. Some more its 30 % production is exported to Singapore (SG dollar has appreciated 31 % against RM so far) and it is sold at 38 cents too. So people with longer term view should collect more.

Thanks Leelc99 :-)

As the above says AmResearch has a TP of RM2.70 for TeoSeng. http://klse.i3investor.com/servlets/staticfile/270433.jsp
Those with longer term view should start collecting the TeoSeng-WA as it has a potential to gain 100 % return. The WA expires on 2020 only

With the extra cash in the company, can it become the target of acquisition ?? i.e. by Hevea ??

The extract from the edge article :- [ The deal is expected to net it a disposal gain of about RM34.95 million — after sale related expenses( EPS of approximately 16.65) according to its filing with Bursa Malaysia this evening. ]

Q1 FY15 EPS = 1.53
Q2 FY15 EPS = 3.21 (Double of Q1)
Q3 FY15 EPS = 6 ((Assuming Double of Q2)
Q4 FY15 EPS = 6
With the Assumption of EPS of 6 cents for Q3 and Q4. The estimated whole year FY15 EPS = (1.53 + 3.21 + 6 + 6 = 16.74 cents).
Using PE of 10. Its estimated FV is RM 1.60.
If we include the one off gain of 16.65 cents from the sale above, the FY15 total EPS is 16.74 + 16.65 = 33.39 cents.

The shanghai Index should find a bottom between 2800 and 3000. Hopefully it can rebound strongly from there. Don't forget the China Pension fund can invest 30 percent of their funds into stocks.

Well say OTB.

it would be nice if its EPS is 16 cents (before split) or 4 cents after split

Thanks a lot OTB :-)

Hi Ken Lim, the EPS I used was before the split. Thus I used 4 X 0.84 for calculating PE (336/56). If I use the split price for calculating the PE, I will use 14 cents as the FY15 EPS. i.e. 84/14 = 6.

At 0.84 I see value in it as I bought it for longer term. Estimated FY15 EPS is 56 cents so (4 X 0.84 = 3.36) PE= 336/56 = 6.

Wow ! Hevea mother is also getting very attractive. I have collected more at 0.84 as PE only about 6.

Fundamentally Hevea does not change. So I have collected some more hevea WB at 0.705. When sentiment improves, one should get rewarded with a longer term in view.

Collected more Hevea WB at around 0.73

When the mother is at 1.11, the hevea WB should be at least 0.86 by now

you are a man with wisdom and patient

As of Aug 1st,
Homeriz has announced its Q3 FY15 EPS (3.04 cents) on Jul 30th 2015
Hevea has announced its Q1 FY15 EPS (14.05 cents) on May 25 2015
For apple to apple comparison on the PE, I suggest we use the forward estimated whole year FY15 EPS for calculation.

Homeriz's estimated whole FY15 EPS = 3.04 X 4 = 12.12 cents, thus its current PE = 1.11(Friday closing price)/12.12 = 9.1
Hevea's estimated whole FY15 EPS = 14.04 X 4 = 56.16. After 1 :4 split, we use 14.04, thus its current PE = 1.08(Friday closing price)/14.04 = 7.6

Thanks hissyu2 :-)

Thanks Can17 :-)

Thanks hissyu2 :-)

Even at RM1.15 based on FY15 EPS of 14 cents. Its PE only 8.2 whereas at current price of 1.07, its PE only 7.6. With Hevea's great potential EPS growth, its FV should be at least at RM1.40 by now following other furniture or board making companies share prices. Thus at current price of rm1.07 (PE 7.6), it is a still a real bargain for those longer term investors who can hold for a year to collect more.

According to my remisier, those who sell via a remisier/broker, they could sell their split hevea shares and warrants since 21 July.
Whereas those tried to sell the shares online, would only have the capability to do so themselves on 24 Jul.
Thus I don't understand about no shares from 21 to 24 July. Can anyone help me here.

Rerating using PE of 12 and the potential estimated FY15 EPS
When FY15 EPS is 14 cents, TP = 12 X 14 = RM1.68
IF FY15 EPS is 15 cents, TP = 12 X 15 = RM1.80
IF FY15 EPS is 16 cents, TP = 12 X 16 = RM1.92
IF FY15 EPS is 17 cents, TP = 12 X 17 = RM2.04

Hevea would have more upside than most of the people thought. Why ?
1. After the split it is more liquid and affordable (allow some big funds to buy into it)
2. Most Analyst still use the rate of 3.6 to USD and PE of 10 to calculate the forwarding EPS.
3. As more fund Managers and research houses realise the great potential growth of the furniture and board making companies they will start rerating these stocks using the PE of 12 instead of PE 10. The good example is a Research house has already used the PE of 12 to get Evergreen's TP (see this week's Star Biz section)
4. With the continued weakness of the ringgit (staying at 3.8 and may be moving towards 3.9/4.00 in the coming months). CIMB sensitivity analysis suggests that every 1% appreciation of the US$ against RM increases FY15 EPS by 7.6%. (3.6-->3.8 = 5.5% appreciation = another 5.5 X 7.6 =42% EPS increment ) [See the page 15 of the Daily Edge - http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20150723pgrvfv.pdf]
So based on the above factors, it is very highly likely that the whole year FY15 EPS will possibly exceed 14 cents. (It could even hit 17 cents ??). Thus Investors with longer term view should continue accumulating the stock.

The estimated FY16 EPS for Hevea is 17 cents after split as shown on the Edge daily - http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20150723pgrvfv.pdf
Using PE of 10, the FV/TP is RM1.70. If you are a longer term holder of the share you still have more than 55% return upside from the current level of rm1.10

The estimated FY16 EPS for Hevea is 17 cents after split as shown on the Edge daily - http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20150723pgrvfv.pdf
Using PE of 10, the FV/TP is RM1.70. If you are a longer term holder of the share you still have more than 55% return upside from the current level of rm1.10

If Homeriz can hit RM1.20 after its recent bonus then don't you think Hevea should at least worth more than RM1.20 by now

The Daily edge says that Mieco, lii Hen and evergreen have the PE of 9.3, 10 and 40.9 respectively. http://tefd.theedgemarkets.com/2015/FDsetia/FDsetia_20150721mtipzb.pdf
So after the split, the Hevea mother and son's Target price based on PE of 10 and the whole year EPS of 56 cents should be RM1.40 (mother) and RM1.15 (WB) respectively. Thus the current Hevea price of 1.01 and 0.71 for the mother and son make them look very attractive to buy to get great returns.

NP kt888 88 :-)

After the split (`1:4), based on the last qtr EPS (14cents) and the estimated whole year EPS (56 cents) as well as taking the conservative PE of 10, the fair value for the mother and WB should be RM1.40 and RM1.15 (WB). The price after the split should make hevea mother and son very affordable and their PE is cheap (at RM1.03, the mother's PE only 7) compared to mieco or evergreen.